The cost of solving an operations problem scales with technical skill required. The cost of solving a strategy problem scales with risk involved. A new college grad and a Fortune 100 CEO may be facing structurally identical decisions, but the latter will cost 100x more to make.
Conversation
This Tweet was deleted by the Tweet author. Learn more
A good proxy is how much you might get paid to help a college kid making early career decisions vs a CEO making billion dollar decisions of similar difficulty. It’s at least a 10x diff: $50 vs $500 per hour say, but you’d also spend 10x time double-checking/diligencing so 100x.
This Tweet was deleted by the Tweet author. Learn more
Replying to
The costs come less from analysis than from emotional self-regulation needs (which might be addressed by more analysis, but not necessarily the only way)
